Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

U.S. January Primary Metals Leading Index: Summary

Don't Miss Out —
Follow us on:

Feb. 17 (Bloomberg) -- The U.S. primary metals leading index rose in January, according to the U.S. Geological Survey.

The index, a gauge of industry activity over the next eight months, rose 1.5 percent following a 0.8 percent gain in December.

==============================================================================
                         Jan.    Dec.    Nov.    Oct.   Sept.    Aug.    July
                         2012    2011    2011    2011    2011    2011    2011
==============================================================================
                        --------------------Primary Metals-------------------
Leading Index           162.6   160.2   159.0   156.7   156.5   158.4   158.8
 MOM%                    1.5%    0.8%    1.5%    0.1%   -1.2%   -0.3%    1.3%
 YOY%                    4.4%    3.1%    4.1%    5.2%    6.3%    8.9%    9.9%
 Growth Rate             6.2%    3.8%    3.1%    1.1%    1.8%    5.5%    7.5%
------------------------------------------------------------------------------
Coincident Index          n/a   112.1   108.9   107.0   105.7   104.6   104.8
 MOM%                     n/a    2.9%    1.8%    1.2%    1.1%   -0.2%    0.6%
 YOY%                     n/a   13.5%   12.4%   12.3%   10.8%   10.2%   10.7%
 Growth Rate              n/a   15.7%   11.6%    9.9%    9.0%    8.6%   10.7%
==============================================================================
                         Jan.    Dec.    Nov.    Oct.   Sept.    Aug.    July
                         2012    2011    2011    2011    2011    2011    2011
==============================================================================
Leading Price Index       n/a   107.1   105.7   105.8   104.6   106.5   107.9
 MOM%                     n/a    1.3%   -0.1%    1.1%   -1.8%   -1.3%   -1.0%
 YOY%                     n/a   -1.2%   -2.1%   -1.9%   -2.4%   -0.6%    0.1%
 Growth Rate            -7.4%  -28.1%  -31.4%  -24.0%  -35.5%    3.6%   19.4%
==============================================================================
                         Dec.    Nov.    Oct.   Sept.    Aug.    July    June
                         2011    2011    2011    2011    2011    2011    2011
==============================================================================
                       --------------------Steel Industry-------------------
Leading Index           111.4   111.3   110.2   110.1   110.7   110.9   109.3
 MOM%                    0.1%    1.0%    0.1%   -0.5%   -0.2%    1.5%   -1.9%
 YOY%                   -1.4%   -0.4%    1.7%    2.6%    4.2%    4.6%    2.1%
 Growth Rate             2.0%    2.1%    0.8%    1.2%    2.9%    3.8%    1.5%
Coincident Index        117.1   115.1   113.1   112.0   111.6   111.1   111.2
 MOM%                    1.7%    1.8%    1.0%    0.4%    0.5%   -0.1%    8.0%
 YOY%                   14.8%   14.8%   16.4%   15.1%   15.8%   16.1%   14.5%
 Growth Rate            10.0%    7.7%    5.4%    4.3%    4.6%    4.8%    5.9%
==============================================================================
                         Dec.    Nov.    Oct.   Sept.    Aug.    July    June
                         2011    2011    2011    2011    2011    2011    2011
==============================================================================
                        -------------------Copper Industry-------------------
Leading Index           119.6   117.4   118.2   113.9   118.0   119.9   120.3
 MOM%                    1.9%   -0.7%    3.8%   -3.5%   -1.6%   -0.3%   -0.6%
 YOY%                   -1.3%   -1.3%   -0.7%   -3.1%    0.2%    2.1%    2.0%
 Growth Rate             0.7%   -2.8%   -1.8%   -8.7%   -2.5%    0.7%    1.7%
------------------------------------------------------------------------------
Coincident Index        106.4   105.7   107.8   106.7   106.7   104.7   102.6
 MOM%                    0.7%   -1.9%    1.0%    0.0%    1.9%    2.0%   -1.0%
 YOY%                    7.7%    5.7%    8.1%    9.4%    6.3%    5.9%    5.1%
 Growth Rate             6.2%    5.9%   11.1%   10.5%   11.7%    8.7%    5.6%
==============================================================================
NOTE: The leading index for primary metals tends to turn
eight months before the coincident indicator. For copper 
and steel it tends to be seven months. The leading index
of metal prices tends to indicate price changes eight months
in advance. The growth rate is a six-month smoothed growth
rate at a compound annual rate.

SOURCE: U.S. Geological Survey, U.S. Department of the Interior {USDP <GO>}

To contact the reporter on this story: Mike Sebany in Washington at msebany@bloomberg.net

To contact the editor responsible for this story: Alex Tanzi at atanzi@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.